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Dec 31, 2021
AMC Q4 2021 Earnings Report
Reported strongest quarterly results in two full years, driven by increased attendance and a robust film slate.
Key Takeaways
AMC Entertainment Holdings, Inc. reported its Q4 2021 results, marking the strongest quarter in two years. The company saw substantial growth in revenue, reaching $1,171.7 million, and a significant improvement in net loss, which was reduced to $134.4 million. Adjusted EBITDA also showed a positive shift, reaching $159.2 million. The results reflect a continued recovery from the global pandemic, bolstered by a strong film slate and increased consumer demand.
Q4 2021 represented AMC's strongest quarterly results in two full years.
Total revenues for the fourth quarter grew to $1,171.7 million.
Net loss for the fourth quarter improved to $134.4 million.
Available liquidity and Cash and cash equivalents at December 31, 2021 was approximately $1,801.6 million and $1,592.5 million, respectively.
AMC
AMC
AMC Revenue by Segment
AMC Revenue by Geographic Location
Revenue by Segment
Admissions Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comOther Theatre Revenue
CapyFin.comRevenue by Geographic Location
U.S. Markets Revenue
CapyFin.comInternational Markets Revenue
CapyFin.com Forward Guidance
AMC Entertainment is optimistic about the full calendar year of 2022, anticipating a near doubling of the industry box office compared to 2021, with COVID impacts easing, more major films being released, and most major studios favoring an exclusive theatrical window of 45 days or more. The box office pacing and results in 2022 are expected to be heavily weighted towards the second half of the year.
Positive Outlook
- Easing COVID impacts
- More major films on the docket for release
- Most major studios coalescing around an exclusive theatrical window of 45 days or more
- Bookings are very strong for THE BATMAN
- Many exciting movies like TOP GUN: MAVERICK, JURASSIC WORLD DOMINION, BLACK PANTHER: WAKANDA FOREVER, AVATAR 2 and many others
Challenges Ahead
- Box office pacing and results in 2022 are expected to be heavily weighted towards the second half of the year
- January and February domestic industry box office numbers are nonetheless well short of pre-pandemic numbers
- Potential for continued impact from COVID-19
- Risks related to motion picture production and performance
- Risks related to limitations on the availability of capital
Revenue & Expenses
Visualization of income flow from segment revenue to net income